Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Lu And Liu Take First Place In Lee’s Piano Competition

Yun Lu and Vincent Liu took first place in the 12th annual Lee University piano competitions for the collegiate and pre-collegiate divisions, respectively. The award ceremony concluded the International Piano Festival and Competition held June 12-18.  For the pre-collegiate division, second place was awarded to Jonathan Reichenberger, with third place going to Eriko Darcy ... (click for more)

Georgia Northwestern's GED Center To Hold Orientation

Georgia Northwestern Technical College’s (GNTC) GED Center is holding an orientation for the public on  June 28 and July 12 at 2 p.m.  Visitors will learn what to expect if you choose to enroll in the college’s GED preparatory classes at the college’s Chattooga County location. These free sessions will be held at the Summerville Adult Education Center at 152 Senior ... (click for more)

Preserving 90-Year-Old Grammar School Just One Of Challenges Facing Town, Signal Council Told

Rather than spend millions upgrading Signal Mountain ’s historic grammar school so it can continue to house the Mountain Arts Community Center (MACC), it would make more sense to incorporate that project into a larger multi-pronged one that would solve several issues facing the community, according to town manager Boyd Veal.   For example, Mr. Veal said, the current ... (click for more)

Firefighters Put Out Fire In Compost Pile At City's Wood Recycling Center

Chattanooga firefighters were called to a fire at the city's wood recycling center on N. Hawthorne Street around noon on Sunday. Battalion Chief Don Bowman said the smoke and flames could be seen from several miles away.   Firefighters with five fire companies worked to get the blaze under control, using master streams from two aerials and some hand-held hoselines. The ... (click for more)

Improvements Needed At Entrance To Wilcox Tunnel

I am writing this letter to bring to your attention to a city traffic issue that needs to be addressed immediately, the sooner the better. I can see no large cost factor.   Recently, while as a concerned citizen, removing trash and litter from the entry/exit area of the Wilcox Tunnel on the side that runs into Chamberlain Avenue, I fully realized that this area could ... (click for more)

Roy Exum: Looking For A Wife

Coeur d'Alene, Idaho, is a really cool place. I tried to buy a huge mounted buffalo head in an antique store there one time until I found out the shipping charges were four times what the head was worth. But suddenly my rapt attention is riveted on Coeur d'Alene again because a dazzling social experiment is taking place this very moment at a plush resort in north Idaho. Several ... (click for more)